Economy

Zimbabwe has relied on 'bond notes' since economic mismanagement rendered its own currency worthless

RBZ laundering probe raises politicians’ ire

The Reserve Bank of Zimbabwe (RBZ) claims it has earned the ire of several politicians it has investigated for possible money laundering, with some of them calling to express their anger. RBZ financial intelligence unit (FIU) director, Mirirai Chiremba said the way money laundering had grown in the country had […]

Zimbabwe tobacco is booming, but farmers growing it are not

Zimbabwe tobacco is booming, but farmers growing it are not

Farmer Simon Kahari recently sold tobacco worth more than $6000 at an auction in Zimbabwe, a small fortune reflecting the golden leaf’s resurgence in this southern African country. Yet because of Zimbabwe’s dire economic problems he ended up sleeping in an auction house toilet that night, hungry and wondering if […]

Nepotism in Zimbabwe Remains the Norm as Unemployment Bites

Nepotism in Zimbabwe Remains the Norm as Unemployment Bites

As millions of Zimbabweans struggle with unemployment, their 93-year-old President Robert Mugabe is busy rewarding his family members and protégés with big government jobs, where they end up looting colossal amounts of money. Zimbabwean President Robert Mugabe with his wife (r) Grace and daughter (l) Bona Mugabe. Photo credit: Bulawayo24 […]